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Large Family Home Or Residential Investment Property

R 3,750,000

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Discover the epitome of luxury living and investment potential with this 12-bedroom, 10-bathroom property nestled along the picturesque Kowie River. This captivating property offers a rare opportunity to indulge in both opulent personal space and a lucrative income stream. Each thoughtfully designed unit boasts its own distinct charm, providing tenants with a serene haven while generating a consistent rental income. It is within 5 minutes drive to the town center and access to the Nature reserve next door.There are only 4 adjoining houses on this side of the river and 4 more vacant plots close by that can be built on. This is a very unique and special place surrounded by nature. The property is on large grounds of over 1,430m² and there is a Greenbelt next door, where no one can build. The property has electric fencing, alarms and 24 hour armed response.The property consists of a Main building facing the river. It has flexible accommodation either as One big 8 bedroom family home or 4 separate Apartments or even as 2 Duplex Townhouses. The main building is in a form of a U-shape with a covered communal room area in the centre with a built in braai, pool table and darts.There is also a large Second Building facing the Greenbelt consisting of an Upstairs 2 bed separate apartment, a separate renovated Staff Quarter, including a Boat House and Double Garage. There is additional 6 secure off street open parking bays ( with double garage and boathouse , you have a total of 9 secure parkings) a newly built 9x6 meter Greenhouse with raised flower beds and a Chicken house with its own outside free range garden area for chickens.The property is almost self-sufficient with 85,000lts of rainwater tanks, septic tanks, French drains, many fruit trees and private Jetty. Just add a solar system for electricity. It has Eskom electricity with 3 Econo meters.Indulge in the allure of riverfront living while harnessing the potential for substantial returns. This property on the Kowie River is a harmonious fusion of comfort, and financial opportunity. Dont miss your chance to own a slice of paradise that promises both an indulgent lifestyle and a rewarding investment journey.Bonus: A secret garden that is a must see!Property Reference #: 6080208Agent Details:Lilian NeaveLew Geffen Sothebys International Realty50 Masonic Street Port Alfred6170

Port Alfred